Magnum Hunter, through its subsidiary, MHR Exchangeco Corporation has acquired ownership through purchase of 100% stake in NuLoch.

The transaction was completed pursuant to the arrangement agreement between Magnum Hunter, Exchangeco and NuLoch dated January 19, 2011.

Also a related plan of arrangement received approval from the NuLoch and Magnum Hunter stockholders and other regulatory bodies.

Magnum Hunter Resources Corp is an independent oil and gas company in the US.